Financial Sector Roundup: JPMorgan Chase (NYSE:JPM), Progressive (NYSE:PGR) –MCBI, NMR, CPSS

Investors responded positively to the financial stocks on Wednesday. Key movement were monitored in MetroCorp Bancshares, Inc (NASDAQ:MCBI) and Nomura Holdings, Inc (ADR) (NYSE:NMR) on percentage gainers side while Consumer Portfolio Services, Inc (NASDAQ:CPSS) was prominent stock on percentage losers side.

Chief Executive Officer of JPMorgan Chase & Co (NYSE:JPM) Jamie Dimon said the financial giant will face more sanctions in the coming months. JPMorgan Chase is under regulatory orders to tighten internal controls following a record trading loss previous year.

JPMorgan Chase & Co’s YTD performance was recorded as 13.48% while its market capitalization was $188.50 billion. The company has P/B ratio of 0.92 while P/E ratio was booked as 9.47. Institutional ownership owns 73.24% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.35. Net profit margin of the company was 21.94%.

The Mayfield Village, Ohio-based The Progressive Corporation (NYSE:PGR) announced on Wednesday that profit in fiscal Q1 hiked 20% from previous year, showing higher realized gains on securities and revenue expansion.
But, March profits tumbled 3% from previous year, showing a decline in realized gains on securities.
Auto insurance group declared net income of $308.6 million or $0.51 a share for fiscal Q1, over $257.6 million or $0.42 a share in the same period a year ago.

The Progressive Corporation has market capitalization of $15.35 billion. Its debt to equity ratio was 0.34 while its shares were looking forward SMA50 with F. The company offered earnings per share of 1.48 while its 603.22 million shares were outstanding. YTD performance of the stock was 21.98%.

The Allstate Corporation (NYSE:ALL) has the market capitalization of $23.74 billion. The company’s EPS was 4.67 while its 477.45 million shares were outstanding. Its institutional ownership was 76.98%. Shares of the company were moving ahead of SMA50 with 6.30% while its YTD performance was 24.48%.

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